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Why there is a shift
- Disruptions and black swan events like COVID are catalysts for forcing change that has been simmering for a while. COVId-19 accelerated changes that were gradually growing.
- The biggest benefit of contingent labour is cost savings as hiring, training, and providing benefits for full-time labour can be costly.
- The agility and flexibility of contingent workers are essential to sustaining businesses.
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COVID-19 caused millions of people to leave the workforce, leading to the Great Resignation. A secondary wave of reevaluation has hit the workforce, causing more workers to quit their jobs and creating labour shortages, especially in IT, software engineering and healthcare.
- In a 2019 survey by SAP Fieldglass and Oxford Economics, 48% of executives said they need contingent workers to conduct their business. Non-payroll workers made up almost one-quarter of their human resources spend.
- Internal data from Toptal shows that requests for co...
Freelancing is an opportunity for people to restructure their lives.
- Digital labour platforms help to build efficiencies that drive strategic recovery and success.
- Contingent talent networks can give skilled freelancers as much or as little work as they want and offer a range of projects.
- Global staffing compa...
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Remote working has blurred the line between work and life. This article talks about the contributions of research and sharing it with employers in order to assist their employees' needs better. Leaders now view well-being not just as an employee benefit but as an opportunity to support employees in all aspects of their personal and work lives.
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